Answer: 3200
Step-by-step explanation:
Based on the number of shares that Ralph Warren purchased, the total cost of the stock was<u> $469.63.</u> The amount he received from sales was <u>$447.13.</u> The capital loss was <u>$22.50.</u>
<h3>What was the gain on the sale of the shares?</h3>
The cost of the stock was:
= (27 x 16³/₈) + 27.50
= $469.63
The amount received from sales:
= (27 x 17⁵/₈) - 28.75
= $447.13
This capital gain (loss):
= 447.13 - 469.63
= -$22.50
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Answer:
Step-by-step explanation:
7y + 2x - 10y + 3x² - 10x
3x² - 10x + 2x + 7y - 10y
3x² - 8x - 3y
Answer:
Book value= $62.83
Step-by-step explanation:
Giving the following information:
A motorcycle bought for $10,000 depreciates continuously at 9% per annum.
<u>First, we need to calculate the depreciation of seven years:</u>
FV= PV*{[1+(-i/100)]^n}
FV= 10,000*{[1+(-0.09/100)]^7}
FV= $9937.17
Book value= 10,000 - 9,937.17
Book value= $62.83
